What is the schedule for constructing the infrastructure for the custom homesites, club homes, golf course and the clubhouse?
• The residential infrastructure for the first phase is complete. Club homes and custom homesites are now available and homes are being built. • The golf course and the practice facility are open. • The Corral, Black Bull’s temporary clubhouse, is open. It features a full-service bar and grill, locker rooms, shoe shine room and a golf shop. Once the main clubhouse is open, it will transition into the Swim and Tennis Center. • Current plans call for construction of the clubhouse to begin once 50% of memberships are sold. Construction of the clubhouse will take about a year.